Mises Wire

We’re regularly told by the Fed and defenders of the current incumbent president that the economy is humming along pretty well.

The data shows that many Greek workers work for long hours, and some labor data suggests the Greek economy must be fine. But a closer look shows that hard work isn't enough when many others live off the productivity of the working few.

Puerto Rico failed to meet a $58 million debt repayment deadline Monday, triggering one of the most significant municipal bond defaults in U.S. history.

The Skyscraper Curse Hits South America!

In his Economic Viewpoint memo yesterday, Brendan Brown,  Executive Director and Chief Economist of Mitsubishi UFJ Securit

A Bulgarian translation of Democracy: The God That Failed is now available.

I thought this photo (below) from July 2015 did an especially good job of capturing the camaraderie between Joe and his

Capitalists generally think in terms of future earnings, and future value of investments often helps determine the present value. Hillary Clinton, however, has decided to achieve her short-term election goal by hectoring capitalists for thinking too much about the short term.

Yes, jobs will be destroyed by innovation, as they’ve always been, but it doesn’t mean we’ll run out of jobs. New ones will be created as new technologies are developed, engineered and maintained. And, overall, these will be better, more high-skilled jobs. The agriculture industry provides a case in point.

The online tech and science magazine Verge recently published an essay on the economic and political impact of disruptive ride-sharing startup Uber: Uber can't be stopped. So what happens next? Whereas one might expect an online tech magazine like Verge, itself part of a wave of disruptive publishing efforts, to be optimistic about innovative tech initiatives, the essay offers a surprisingly bleak, pessimistic, and politicized “analysis.”

Apparently, Verge sees mostly problems with Uber’s challenging of the privileged and guild-based taxi business.